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President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
General Motors told investors on Tuesday that it took a $1.1 billion hit from tariffs last quarter. Stellantis, which makes ...
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
General Motors and Stellantis, two pillars of the U.S. automotive industry, are grappling with escalating costs and shrinking ...
Expenses related to its 6.2-liter V-8 and higher claims due to software issues from EVs that launched over the past 5 years increased by $300M.
Tariffs hit GM’s operating income by $1.1 billion in the second quarter. The company’s net income of $1.9 billion was down from $2.9 billion in the second quarter of 2024. GM said few of its tariff ...
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the ...
President Trump has announced new tariffs that include a 25-percent tax on goods imported from Japan and South Korea, separate from sector-specific tariffs.
GM reported more than a 100% increase in EV sales so far this year compared to last. The Equinox EV topped GM’s latest electric sales, with more than 17,000 sold between April and June.
Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs.
A projected 25% tariff on imported vehicles will significantly impact US car prices, with the effect varying widely among different brands.